The ongoing weakness in crude oil has now pushed WTI prices into bear market territory this week.
Combo of rising U.S. oil inventories plus excessive overbought spec positions have triggered fund liquidation.
Crude is king of commodity markets. Corn is king of grain markets. This may impact all equity and commodity markets heading into fall.
U.S. corporate profits have now entered a recession (IMO) despite recent record-breaking highs seen Dow / S&P. Stock markets are now dysfunctional to reality given the ongoing manipulation of central bankers.
http://ow.ly/xy0b302Syya
This is excellent link analysis by Carley Garner via Jim Cramer 'Mad Money'.
Crude's impact will be felt globally heading into the fall marketplace. For your info . . . .
Combo of rising U.S. oil inventories plus excessive overbought spec positions have triggered fund liquidation.
Crude is king of commodity markets. Corn is king of grain markets. This may impact all equity and commodity markets heading into fall.
U.S. corporate profits have now entered a recession (IMO) despite recent record-breaking highs seen Dow / S&P. Stock markets are now dysfunctional to reality given the ongoing manipulation of central bankers.
http://ow.ly/xy0b302Syya
This is excellent link analysis by Carley Garner via Jim Cramer 'Mad Money'.
Crude's impact will be felt globally heading into the fall marketplace. For your info . . . .
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